State Farm Sends $100 Per Vehicle Cash Back as Auto Rates Fall

1 min read
Source: Axios
State Farm Sends $100 Per Vehicle Cash Back as Auto Rates Fall
Photo: Axios
TL;DR Summary

State Farm will issue an average $100 per vehicle cash-back dividend to auto policyholders this summer, totaling about $5 billion for more than 49 million vehicles, as auto rates were cut by roughly 10% in 40 states (about $4.6 billion in savings) — the largest dividend in State Farm's 103-year history.

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